The property encompasses a total area of 26,000 sqm, blending historical and industrial design with period-specific details. Situated just 100 meters from the harbor with easy access to Copenhagen's city center, metro, and highway, it ensures convenient access for tenants' employees and customers.
"The investment complements Pensam's portfolio of city properties, aligning with our goal to strengthen our portfolio with high-quality properties in strategic locations, both in terms of offices and residences. The property boasts a robust sustainability profile and will contribute to ensuring a stable and attractive return for our 480,000 pension customers. We would like to thank ALFA Development for a professional and seamless process," says Jeppe Starup, Head of Private Capital and Real Assets at Pensam.
Tonny Nielsen, CEO and partner at property manager Fokus Nordic, expresses delight in continuing the successful collaboration with Pensam and adds: "We are extremely pleased to expand our partnership with Pensam in a challenging market and continue to seek attractive investments for Pensam."
The property is located on Islands Brygge, close to Langebro and Copenhagen's city center. Its location attracts businesses wanting to reside in inner Copenhagen. In addition to exciting and modern office spaces, it offers a vibrant environment with a restaurant, beer bar, and yoga studio. Built around 1907 by the Common Association for Denmark's Consumer Cooperatives (FDB), the property was designed by architects Philip Smidth and Carl Wolmar. Until 1964, FDB had both its headquarters and production of goods for consumer cooperatives in the complex. The property's architectural style has been preserved, serving as a significant testament to Islands Brygge's historical connection to trade and production.
Even though the property has shaped the cityscape for over 100 years, it is a prime example that older properties can also contribute to a positive sustainability profile, which Pensam will continue to work on in the coming years.˘